Anne Arundel Derm | Value-Add | 7.5% Cap 5630 Lowery Rd 14,650 SF Office Building Norfolk, VA 23502 $5,712,471 CAD ($389.93 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- HEALTHCARE REAL ESTATE – Medical Outpatient Buildings have a history of providing landlord-friendly tenants with favorable lease terms.
- GROWING RENTS – Both tenants provide a 3% annual rental increase, creating a hedge against inflation and ensuring a growth of your investment dollars.
- IDEAL MEDICAL LOCATION – Various hospitals are within ±1.5 miles of this location, creating an ideal position for healthcare tenants.
- VALUE-ADD OPPORTUNITY – With a 14% vacancy, this asset provides a value-add opportunity, allowing an investor to add a tenant to the rentroll.
- FAVORABLE RETURN – At a 7.50% year-one cap rate, this asset is priced with today’s interest rates in mind.
- AFFLUENT MARKET – The average household income is over $82,105 within a 5 mile radius from this property.
EXECUTIVE SUMMARY
Kyle Matthews
License No. 226035518 ( VA )
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 226035518 ( VA )
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
14,650 SF
Building Class
A
Year Built
2015
Price
$5,712,471 CAD
Price Per SF
$389.93 CAD
Cap Rate
7.50%
NOI
$428,435 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
14,650 SF
Slab To Slab
12’
Building FAR
0.43
Lot Size
0.78 AC
Opportunity Zone
Yes
AMENITIES
- Bus Line
1 of 1
PROPERTY TAXES
| Parcel Number | 50000351 | Improvements Assessment | $2,990,121 CAD |
| Land Assessment | $633,505 CAD | Total Assessment | $3,623,626 CAD |
